PM Imran says govt will support joint investment projects under CPEC.

Prime Minister Imran Khan on Monday said that the government will support joint investment projects involving companies from Pakistan and China under the China-Pakistan Economic Corridor (CPEC).

Addressing the inauguration ceremony of the 1,320-megawatt China Hub Power Generation Plant in Balochistan, the prime minister said that he wanted to see the pattern of joint projects continue under CPEC.

"I am happy that under CPEC, the first joint project [is being inaugurated]. We want to see the pattern continue," the premier said, adding that big Chinese companies want to come to Pakistan.

"The joint projects are welcome; the government will fully support [such projects]," he said, requesting the managers of the newly built power plant to consume at least 20 per cent coal from the Thar coal reserves.

The project "will help us reduce the Current Account Deficit (CAD)," he added.

Prime Minister Imran said that there was a huge CAD when the Pakistan Tehreek-i-Insaf (PTI) assumed power, and held the deficit left by the previous government responsible for the prevailing inflation.

The premier regretted that the country's capacity for hydro power was not utilised in the past.

He also asked the local and Chinese companies which built the power project to accelerate work on a desalination plant for Karachi "as water is a big issue for the city".

The prime minister said that the government is committed to fulfilling its pledge on ease of doing business. "Since we came to power, we have been working for ease of doing business. We are continuously striving to create ease of doing business," he added.

The premier said that he was told by an executive of a foreign mining firm that Pakistan has the best and the largest gold reserves in the world, which can be mined very easily.

He noted that mining companies didn't come to Pakistan only because of corruption. "I have been saying for the last 22 years that corruption is the biggest issue of Pakistan," the prime minister stressed.

"Investment does not come if corruption persists."

He said that the country is under burden of loans today not because nature has deprived Pakistan of resources but due to corruption.

The country is making...